Chemrez Affiliate Plans P6.3-B IPO
September 13, 2012, 6:55pm
MANILA, Philippines — D&L Industries, the country’s leading manufacturer of food ingredients and specialty plastic colorants and additives, is raising up to P6.3 billion in a domestic and international initial public offering.
The firm is a dynamic industrial group established almost 50 years ago by the Lao brothers, Dean and Leon, and was built from the ground up. It holds a 34 percent stake in publicly-listed Chemrez Technologies.
Client Success Stories
Being a Hero is Human Nature
by Rolando A. Reyes
As a developing country, a wide disparity between the rich and the poor exists in the Philippines. Though enjoying an economic growth that is one of the highest in Asia today, the effects of such growth has not really trickled down to the poor. The underprivileged continues to be deprived of even the most basic necessities. According to a well- known economist, poverty can only be reduced in the long term if the country can sustain its economic growth by 7 to 8 % in the next 10 years.
Are the poor then doomed to a life of scarcity until this sustained growth is achieved? Not really. Fortunately, the country are not lacking in altruistic souls. Many non-governmental organizations (NGOs) are helping the poor improve their lives through livelihood programs, scholarships, and free health services. Different religious organizations are doing their share. Through their corporate social responsibility (CSR) commitment, businesses are also extending a helping hand. In the last few years, a new breed of heroes for the poor has emerged. These are the so called social enterprises. Read more...